February 13th SMM basic metal spot trading day review

SMM February 13th:

Copper: Today, the copper opened at 6851.5 US dollars / ton. After the opening, the US dollar turned back to the copper mode, and the upward trend mode was reached. After the 6903 US dollars / ton, the copper rally was temporarily suspended. In the afternoon, the copper rose again and touched up to 6947 US dollars. / ton, then the action can be weakened, the copper high level fell back below the daily average, as of 17:08, Lun copper reported 6899.5 US dollars / ton, the US dollar oil reported 59.38 US dollars / barrel, the US dollar index reported 89.830. Today, Lun copper relies on the 5-day moving average to oscillate higher, and is expected to be repeated at $6,900/ton in the evening. The data in the evening is light.

Today, the Shanghai copper main force 1804 contract opened at 51,670 yuan / ton, after the opening, the price of copper price stepped up, before the closing of the morning session, the copper price stabilized at 52,100 yuan / ton, the early afternoon bulls took the lead to increase the position, the short position then lighten up, driving the copper price to continue Rising, the high to 52,300 yuan / ton, the tail fell slightly, and finally closed at 52,140 yuan / ton, up 780 yuan / ton, holdings increased by 3,790 hands to 240,000 hands, the volume decreased by 89,366 hands to 179,000 hands. Shanghai copper index positions increased by 17,816 hands to 811,000 hands. It is expected that copper prices will continue to fluctuate at a high level in the evening.

Today's Shanghai electrolytic copper spot on the current month contract posted 350 yuan / ton - discount 200 yuan / ton, flat water copper transaction price 51340 yuan / ton -51580 yuan / ton, premium copper transaction price 51400 yuan / ton -51660 yuan / ton . Shanghai copper futures rebounded by 300 yuan / ton, today the market basically entered the holiday mode, the offer is sparse, the offer is divided, some good copper offer premium 200 yuan / ton, flat water copper paste 300 ~ 280 yuan / ton, the market has It is a Spring Festival atmosphere, and few people echo the deal. After the trading session in the second trading session, some traders took the price and received the goods. The transaction was over 250 yuan/ton for good copper stickers, 350~300 yuan/ton for flat water, and the wet copper was sold at discounts. 500 yuan / ton. The Spring Festival is approaching, logistics has stopped, and warehousing is still going to be a holiday tomorrow. Therefore, the receipt of goods today and tomorrow is only suitable for transfer orders of speculative traders, which is no longer suitable for delivery. The speculators are based on the expectation of the discounted discount and the rebound of the plate after the holiday, and the price is received. In the afternoon, the traders with individual financial strength still have the willingness to receive the big discount, and the flat copper paste is 380-350 yuan/ Tons, the turnover was 51500-51560 yuan / ton, the good copper premium 300 - discounted 280 yuan / ton, the turnover was 51560-51700 yuan / ton.

Aluminum: Early Lun aluminum opened at 2128.5 US dollars / ton, the Asian plate first strong aluminum performance strong, touched 2148 US dollars / ton, but the high 5 day moving average resistance again, Lun aluminum fell back to the daily average of 2140 US dollars / ton narrow The amplitude fluctuated and tried again in the afternoon, touching the high 2151 US dollars / ton, but has not been able to stand on the 5th line, as of 16:28 Lun aluminum reported 2144 US dollars / ton, Lun aluminum is expected to continue to test 5 days and 60 Daily average line pressure.

Shanghai aluminum main contract opened at 14390 yuan / ton in the morning, after the opening, the short position of the short position of the aluminum price volatility up to 14495 yuan / ton, failed to touch the 14500 yuan / ton integer mark, and then led in more long positions The price of aluminum fell back to 14,315 yuan, and the low-end 5/10-day moving average support was re-emerged. The Shanghai aluminum repaired part of the decline closed at 14,380 yuan / ton, the Shanghai aluminum index positions decreased by 17,920 hands to 767,930 hands, the pre-holiday funds closed a large number of positions Departure, it is necessary to continue to pay attention to whether the aluminum price can stabilize the current position.

In terms of spot, when the aluminum level is high in the early afternoon, the transaction price in Shanghai is 14150-14170 yuan/ton, the discount is 240-210 yuan/ton for the month, and the transaction price of Wuxi is 14150-14170 yuan/ton. When the price is high, the number of shipments is small. The goods were relatively positive, resulting in higher prices; when the market fell, the market price fell, Shanghai Wuxi price fell from 14,150 yuan / ton to the status of 14,100 yuan / ton, the discounted water narrowed to a minimum of 190 yuan / ton, Hangzhou transactions are scarce, quoted 14140- 14160 yuan / ton, the discounted water narrowed, the holders shipped relatively positive, the middlemen's willingness to accept the goods fell back, the transaction was scarce, the downstream enterprises' willingness to accept the goods was cold, the overall transaction appeared cold before the holiday, and the supply and demand stalemate. In the afternoon, the supply and demand in the market were weak and there were few transactions.

Lead: In the day, the lead was opened at 2518.5 US dollars / ton. After the opening, the lead was opened and reduced. The lead was weakly weak, and it was running to around $2510/ton. In the afternoon, the dollar fell below 90, and the copper led the gain. As the warehouse entered, Lun lead rebounded, up to 2,527 US dollars / ton, but the upper 5 day moving average resistance was obvious, as of 16:27 reported 2509.5 US dollars / ton, down 9.5 US dollars / ton, down 0.38%. Lun lead continues to run below the moving averages, while the underlying support of $2,500 is still surviving, and the evening may maintain a consolidating pattern.

In the day, Shanghai's lead 1803 contract opened at 19,025 yuan / ton, opened after the opening and more reduction, Shanghai period lead continued to fluctuate downward in the morning, and won support in the early stage of 18,900 yuan, short-term profit in the afternoon to lighten up, accompanied by partial long Entering the market, Shanghai lead stopped falling and rebounded. In the late session, it returned to the top of Wanjiu, up to 19,040 yuan / ton, and finally closed at 19,015 yuan / ton, down 80 yuan / ton, down 0.42%. Volume decreased by 15,160 lots to 26,628 lots, and positions decreased by 3,374 lots to 24,208 lots.

In the same day, Shanghai main lead completed the change of the month, 1804 contract opened at 19,040 yuan / ton, after the opening, the opening of the opening, the Shanghai period lead shocks down, the lowest to 18,910 yuan / ton, while the previous platform of 18,900 yuan has a certain support, In the afternoon, the lead was gradually strengthened, and the bulls gradually increased their positions. The Shanghai lead returned to the top of the market, up to 19,035 yuan / ton, and finally closed at 1,900 yuan / ton, down 80 yuan / ton, down 0.42%. Volume decreased by 5,468 lots to 17,682 lots, and positions increased by 2210 lots to 28,996 lots. The Shanghai-lead lead runs near the lower rail of the Bollinger Band, and the upper 5 and 60-day moving averages form a pressure level. The support of the lower front platform is 18,900 yuan, and the late or continuous weak shock pattern.

Spot market, Wuxi market copper crown lead 18990 yuan / ton, the price of 1803 contract water 70 yuan / ton; Shanghai market Jinsha lead 19040 yuan / ton, 1803 contract water 120 yuan / ton offer. The market was weak and volatile, and the market was full of Chinese New Year's atmosphere. The quotation of the holders was scarce, and there was no delivery at the downstream. The market had no market price.

The Spring Festival is approaching, there is no quotation in the Guangdong market; large-scale refineries in Henan are normal production, but limited by logistics, refineries stop quotation; other Hunan and other places except for some refineries during the Spring Festival, other multi-turn duty production, but At present, the suspension of orders has stopped quoting; at the same time, downstream battery companies have not stopped work, except for some giant companies, and other enterprises have basically taken a holiday, and the overall market has been in an invaluable market.

Zinc: During the day, Lun Zinc opened at US$3,389/ton, and the daily average line continued to fluctuate upwards. The center of gravity gradually moved up and tested on the 5th line. After a short-term recovery, the daily average support was established, and the price rose again to break through the 5-day line. The double pressure level of 3,400 US dollars / ton, gently running around the 3,406 US dollars / ton line, in the afternoon, the zinc zinc gradually digested the dollar's favorable decline, the zinc price rose strongly, the above test pressure of 3,430 US dollars / ton was blocked, the zinc high level gradually Weakness, after a narrow correction, fell slightly, near the support of the daily average. As of 16:30, zinc zinc closed at $3,419/ton, up $24/ton or 0.72%. Zinelen Zinc digested the US dollar and the US dollar rebounded slightly, but the rebound was limited. At present, the LME zinc stocks decline continues, and the fundamentals of LME zinc are good. There is not much pressure on the air. It is expected that the operation will continue to fluctuate between the 20th and 40th lines in the evening.

In the day, Shanghai Zinc's main 1804 contract opened at 25,950 yuan / ton, shocked back to step on the 26,000 yuan / ton integer, regaining all the night's decline, accompanied by the empty side of the Masukura, Shanghai zinc twice under the low daily average line, However, the low-level multi-party will increase the willingness to promote the Shanghai zinc step-up, successively refreshing the new high in the day, standing on the 40-day moving average, the sword refers to 26,100 yuan / ton mark, in the afternoon, Shanghai zinc and the outer disk, shocking up and piercing 5 days Line pressure level, with an amplitude of 30 yuan / ton around the 26,230 yuan / ton high consolidation to close, closed at 26,230 yuan / ton, up 290 yuan / ton, an increase of 1.12%, the volume decreased by 98,056 hands to 223,000 hands, the increase in positions 878 hands to 185,000 hands. Zinelen Zinc has a strong performance and has a stabilizing rebound. Recently, the adjustment of Shanghai zinc has been too large, and the strength of the empty side is limited. It is difficult to force the market to form a unilateral market. It is expected that the operation will continue to fluctuate in the 5th and 40th line channels at night.

Shanghai 0# zinc mainstream turnover in 25970-26100 yuan / ton, 0 # ordinary brand on Shanghai zinc 1803 contract stickers 70-adhesive 60 yuan / ton, 0 # double Yan on March discount 10 - flat water, compared Increased around 60 yuan / ton on Friday; 1 # fresh offer. The Shanghai Zinc 1803 contract was rounded around 26,070 yuan/ton, and closed at 26,050 yuan/ton in early trading. Most of the smelters are long-term trading, and a small number of refineries are still actively clearing their stocks; traders have been on holiday, a small number of duty traders rarely trade; while downstream vacations are closed, the market is deserted, and the overall delivery volume is relatively high. It fell last week.

Today, Guangdong 0# zinc mainstream traded at 25930-25990 yuan / ton, the city of Guangdong is near the Pingshui in Shanghai, the discount on the Shanghai zinc 1803 contract is 100-60 yuan / ton, which is basically the same as yesterday's discount. Shanghai Zinc 1803 contract oscillated upward after the opening, as of the closing of the afternoon at 26,100 yuan / ton mark, the refinery shipments are normal, traders have been on vacation, the market has been smashed; the downstream has been on holiday, the actual consumption is weak, the overall transaction is yesterday Further shrinking. 0# Kirin, Cishan, Tiefeng, Danxia mainstream transactions in the vicinity of 25930-25990 yuan / ton.

Tianjin market 0# zinc ingot mainstream turnover in 25970-26180 yuan / ton, 0 # ordinary brand mainstream turnover in 25970-26020 yuan / ton, Shanghai zinc 1803 contract discount 100-50, basically unchanged from yesterday. In the day, Shanghai's zinc rose slightly to stand at 26,100 yuan / ton. The refinery shipments are normal, and there are few downstream market inquiries. The traders are basically on holiday, and the market bidders are embarrassed. The market trading atmosphere has no obvious change compared with yesterday. 0# Zijin, Bailing, Qinzhuang, Chihong and other transactions around 25970-26020 yuan / ton, 1 #紫金, Chi Hong, Hung Hom, West Mine and other transactions at 25920-25970 yuan / ton.

Tin: Today, Lunxi opened at 21,150 US dollars / ton, the trend in the Asian period is calm, the Chinese market is approaching the Spring Festival holiday, investors' trading has gradually turned weak. Overnight, US President Trump released a $1.5 trillion infrastructure plan. The European and American stock markets rebounded strongly, and the market sentiment picked up. Today, we are concerned about UK inflation and retail sales data. The ferrous tin material remained volatile, with a test of $21,000/ton below.

Last night, the Shanghai 1271 contract was rounded around a 146,610 yuan/ton line. It opened at 146,500 yuan/ton today. It only rose slightly to 147,700 yuan/ton after the opening, and then fell back to around 147,000 yuan/ton. The final price was 146,800 yuan/ Tonne, up by 190 yuan / ton from the previous day's settlement price, an increase of 0.13%. The turnover of 10634 was reduced by 6822 hands, and the position of 21824 was reduced by 1048 hands. Near the Spring Festival holiday, trading became lighter and the trend was stable and volatile.

Today, the mainstream transaction in the Shanghai tin market is 145,500-147,000 yuan / ton, the trading atmosphere is quiet, most merchants have stopped quoting and started the holiday. Yunxi sets of goods posted water 500 to flat water, ordinary cloud word stickers 1000-1500 yuan / ton, did not smell small cards.

Nickel: Today's Lun Nickel Asian market opened at $13,100/ton, which was affected by the fall of the US dollar. After the opening of the nickel, the shock rose upwards. The intraday high of $13,200 and $13,250 had different degrees of reversal, and each time it fell to the $13,180 line. Supported, as of 17:00, Lun Nickel is 13,170 US dollars / ton, below the 5-day moving average support, above the 20-day moving average. Technical indicators, KDJ has a slow upward trend, and will continue to attack the 20th average in the evening. After the holiday, stainless steel consumption has a warming expectation, which will benefit the profit recovery of the stainless steel plant and forward conduction to the nickel price. However, although the supply of nickel ore is expected to increase, the large-scale nickel pig iron factory has to be overhauled due to the age of the furnace. As a result, the supply pressure of nickel ore is temporarily unable to be transmitted to the nickel pig iron end, and the nickel price remains strong.

Shanghai Nickel 1805 contract opened at 10,090 yuan / ton, the initial short position to open up the price of nickel, after the long position to continue to push the nickel price to break through 101,000 yuan / ton, close to the afternoon closing, a short more profitable nickel price fell slightly to Closing 100,870 yuan / ton, up 1770 yuan / ton, an increase of 1.79%. The Shanghai nickel 1805 contract position decreased by 162,000 hands to 438,000 hands throughout the day. In the evening, Shanghai nickel maintained a strong operation.

SMM 1# electrolytic nickel 96950~100300 yuan / ton. In the morning, Russian nickel is more than 200 yuan/ton of the main contract of 1803 in Wuxi, and Jinchuan nickel is 100 yuan/ton. Jinchuan Electrolytic Nickel (large board) Shanghai offers 100,000 yuan/ton, close to the market price. Before the holiday, the market transactions tend to be dull. Traders gradually leave the market, and the transactions enter the seasonal off-season. Occasionally, they are rushed to purchase in the market due to the optimistic post-holiday price. The morning trading interval is 99,800~100,100 yuan/ton. In the afternoon, the market turnover was very rare, and there was no change in the premium. The transaction range was 99,800~100,000 yuan/ton.

*Shanghai colored